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Geppy's Geppy Thread (GBP/JPY)

  • #6,221
  • Apr 19, 2013 4:06am Apr 19, 2013 4:06am
Quoting KillerWhale
Pretty quit here for a pair that just advanced 180 pips in a few hours
Well my analysis from 2 days ago was we will consolidate a bit and then rally up.

It might go down a bit from here but remember, the goal is 163
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  • #6,222
  • Apr 19, 2013 4:09am Apr 19, 2013 4:09am
Buy on dips
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  • #6,223
  • Apr 19, 2013 4:19am Apr 19, 2013 4:19am
See here what even the 5 minute Gann HiLo can do for you: 46 5 minute bars and a gain of 175 pips/
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m5-oanda-corporation.png Size: 34 KB
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  • #6,224
  • Apr 19, 2013 4:44am Apr 19, 2013 4:44am
Quoting KillerWhale
See here what even the 5 minute Gann HiLo can do for you: 46 5 minute bars and a gain of 175 pips/ {image}
Where is everyone?
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  • #6,225
  • Apr 19, 2013 4:49am Apr 19, 2013 4:49am
well, for one, i am sleeping.
Quoting KillerWhale
Where is everyone?
Nihil Sine Deo.
  • #6,226
  • Apr 19, 2013 4:50am Apr 19, 2013 4:50am
i am not really here .
Quoting Scrat
well, for one, i am sleeping.
Nihil Sine Deo.
  • #6,227
  • Apr 19, 2013 9:28am Apr 19, 2013 9:28am
Afternoon dudes

I missed all the action! On the ferry now to UK but was driving from Switzerland to Calais, France, so couldn't be at the computer this morning.

My longs from yesterday hit TP levels last night so was a nice figure to see when I woke up. I have placed some orders now on this pullback from today's high - its currently bouncing off R3, will see how it looks also an hour or so before market closes tonight.

Have a great Friday!
To live a successful life, we must lose our fear of being wrong
  • #6,228
  • Apr 19, 2013 9:29am Apr 19, 2013 9:29am
Quoting KillerWhale
About bowling, when I came to the USA and a few weeks after I married my wife in 2001 we went bowling with some friends. We really were into it and after we got home, yes tipsy of course, we fell asleep right away. Next morning we woke up with so much muscle pain that we decided to take a bath together. From all the muscle pain and the stupidity of it we were laughing so hard about each others soreness that actually one of our neighbors called the police because they thought we were killing each other.
LOL that's great!
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  • #6,229
  • Apr 19, 2013 9:53am Apr 19, 2013 9:53am
Well, the way I see it, we've definitely broken out of our consolidation now and are headed higher. I'm starting to re-build my longs for a run at 154 (new highs). We poked above the 76.4% fibo of the most recent move down, but couldn't hold it... so it's buy the dips mode.
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Click to Enlarge Name: gbpjpyh1.png Size: 81 KB
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  • #6,230
  • Apr 19, 2013 11:16am Apr 19, 2013 11:16am
I know it's Friday, but good buying levels here...
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  • #6,231
  • Apr 19, 2013 11:48am Apr 19, 2013 11:48am
Forex Live makes a really great point about USD/JPY here: http://www.forexlive.com/blog/2013/0...-shows-a-blip/

I have to agree about the G20 too... it doesn't seem they are griping about the BoJ's actions and we may see more gains at next week's open with that behind us.
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  • #6,232
  • Apr 19, 2013 12:41pm Apr 19, 2013 12:41pm
Quoting Geppy
Well, the way I see it, we've definitely broken out of our consolidation now and are headed higher. I'm starting to re-build my longs for a run at 154 (new highs). We poked above the 76.4% fibo of the most recent move down, but couldn't hold it... so it's buy the dips mode. {image}
Pretty much the way I see it. Nothing to add...but longs...lol
Ghost Rider - WWTBMD?
  • #6,233
  • Apr 19, 2013 12:58pm Apr 19, 2013 12:58pm
Quoting albchr
Pretty much the way I see it. Nothing to add...but longs...lol
Did you get my PM?
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  • #6,234
  • Apr 19, 2013 12:59pm Apr 19, 2013 12:59pm
Quoting Geppy
I know it's Friday, but good buying levels here...
Yes I'm also buying right before Oanda's spreads go up for the weekend
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  • #6,235
  • Apr 19, 2013 1:11pm Apr 19, 2013 1:11pm
Quoting KillerWhale
Yes I'm also buying right before Oanda's spreads go up for the weekend
15 m Heiken Ashi chart.
What I love about this chart is that Heiken reminds me to buy Heiniken
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m15-oanda-corporation-2.png Size: 34 KB
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  • #6,236
  • Apr 19, 2013 1:18pm Apr 19, 2013 1:18pm
Well lookie there would ya.....lol

Have a great weekend folks.
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Click to Enlarge Name: gj_15m.gif Size: 21 KB
Ghost Rider - WWTBMD?
  • #6,237
  • Apr 19, 2013 1:25pm Apr 19, 2013 1:25pm
For now I've set my target @ 154, tomorrow I will study charts.
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  • #6,238
  • Apr 19, 2013 2:06pm Apr 19, 2013 2:06pm
Quoting Geppy
I know it's Friday, but good buying levels here...
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  • #6,239
  • Apr 19, 2013 5:46pm Apr 19, 2013 5:46pm
Index food for thought for our beloved Beast.

Daily/Weekly

USD - On the daily the dollar broke it's 10 range today after properly breaking and testing what I've seen as a daily bull flag. This is good news for UJ but the work isn't over yet. On the weekly it now sits right against the 38.2% resistance with a slightly higher resistance to left set in March.

Yen - After going into this G20 week getting stronger, the Yen tested and was rejected by an important resistance level. With the prevailing thought coming out of the G20 that the BoJ easing is "ok", it dropped off again rather nicely today. On the weekly it's much the same just showing the test a bit better with the obvious bearish bar.

GBP - LOL, what can be said other than as usual, this currency has no idea what to do. The daily and weekly have been contained below the 61.8% and with today's daily, seems doomed to once again test lower levels in the coming week. This of course will "slow" bullish progress on our Beast even if UJ rises nicely. I do however feel that if UJ does continue to rise next week, it will/should outweigh GBP weakness and the way the GBP moves, it may actually test support again and hopefully bounce within the week thus helping the Beast along.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Indexes_3_week.PNG Size: 86 KB
Ghost Rider - WWTBMD?
  • #6,240
  • Apr 19, 2013 5:58pm Apr 19, 2013 5:58pm
For the all important 3...

The beast is obviously Beasting again and if this weekly doesn't scream the bulls are still serious? I don't know what will.

For UJ, I know everybody is really focused on the 100 number but for me, 100.40 is the low end and 101.40 the high end of a range (marked) we need to break to really say bullish without a bounce back down.

For GU, Closing below the 50% and obvious recent resistance with only some support far left, I think it agrees with the indexes and is saying a fall may be in order next week slowing but not "preventing" GJ up moves.

That said, I have 5 longs loaded on the Dragon between 151 and 151.44 and will hopefully see a nice, profitable week
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj_week.gif Size: 26 KB
Click to Enlarge Name: uj_weekly.gif Size: 21 KB
Click to Enlarge Name: gu_weekly.gif Size: 25 KB
Ghost Rider - WWTBMD?
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